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Duffy Duck is looking to invest for retirement, which he hopes will be in 30 years. He is looking to invest $52,000 today in a
Duffy Duck is looking to invest for retirement, which he hopes will be in 30 years. He is looking to invest $52,000 today in a fixed interest managed fund that will earn interest at 4.75 percent per annum compounding quarterly. How much will he have at the end of 30 years? (Round to the nearest 2 decimal point) a. None of the options b. $289,599.64 c. $242,148.97 d. $243,098.51 e. $214,401.23
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